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$150,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
  • Updated 9 days ago

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Highly distressed 4-unit building in Back of the Yards offered AS-IS as a court-approved short sale. Severe neglect throughout - major rehabilitation required. Interior access unavailable due to active tenant occupancy and ongoing legal proceedings. All four units occupied by non-paying occupants. Buyer assumes all tenant-related liabilities. Seller makes no representations on interior condition, systems, or mechanicals. Cash or hard money only. Proof of funds required. No assignable contracts. Subject to lender approval.

Full Property Details for 4939 S Paulina St

General

  • Price: $150,000
  • Taxes: $1,418 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12689999
  • Updated: 6/29/2026
  • Added to Site: 13 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: Commuter Bus, Commuter Train

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 4
  • Parking Features: Yes, Detached, Garage

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Lake
  • Driving Directions: From I-55, take the Damen Ave exit north. Head north on Damen Ave, turn right on W 49th St, then left on S Carolina Ave. Property is on the right. Drive-by only - do not knock on doors or attempt to enter. Do not disturb occupants.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Shingle Siding
  • Exterior Const.: Shingle Siding
  • Basement Desc.: None
  • Year Built: 1894
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Oversized Chicago Lot
  • Lot Dimensions: 48 x 124
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1894
  • Tax Amount: $1,418
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Short Sale
  • Property ID: 20072220090000

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Schools serving 4939 S Paulina St

School District:Chicago Public School District 299
NameGradesDistance
Chavez Elementary Multicultural Academy Center
4747 South Marshfield Avenue, Chicago, IL 60609
PK-80.3 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4939 S Paulina St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/26/2026
Listed
$150,000
-18.03%
MLS
4/05/2018
Sold
$183,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4939 S Paulina St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,418
—
$20,000
100%
2023
$1,418
4%
$9,999
—
2022
$1,361
-32%
$9,999
—
2021
$2,011
6%
$9,999
19%
2020
$1,890
-5%
$8,428
-14%
2019
$1,982
57%
$9,801
—
2018
$1,266
-58%
$9,801
-44%
2017
$3,035
1%
$17,381
—
2016
$3,001
10%
$17,381
—
2015
$2,724
23%
$17,381
21%
2014
$2,206
3%
$14,367
—
2013
$2,152
—
$14,367
—
2012
$2,148
—
$14,367
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4939 S Paulina Street, Chicago, IL 60609 (MLS# 12689999) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 4939 S Paulina Street is currently listed for $150,000 and was received on June 26, 2026. Want to learn more about 4939 S Paulina Street? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

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